Buyers Beware!
If you are a buyer looking to cash in on the home buyer tax credit, watch your time line. You will be amazed at how soon April will be here and you need to be under contract by April 30th and close in June.
With everything associated with buying a home and so many ways a simple deal can become complicated, inspections, negotiations, waiting on bank approvals for short sales, mortgage commitments… You can easily find yourself under the gun.
Here are a few tips to help you navigate the terrain between contracts and closing to be sure you meet the time line.
1 – Short sale approvals can take from 45 days to up 6+ months. You may want to make sure that the listing agent of the home you are interested in has already started communicating with the bank to help save time.
2 – Make sure your mortgage company has all your paperwork needed to close your loan and have a reputable company that can process your deal in time.
3 – Make sure you have a competent real estate agent, preferable a full time agent so you know your needs are not secondary.
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